1The penalty for early withdrawal of principal is loss of interest. The interest calculated under the penalty is based on the term of the certificate of deposit, the amount of the withdrawal for the number of months listed below and the interest rate being paid at the time of the early withdrawal. The penalty does not consider the length of time the funds withdrawn have remained in the account.

Certificate of Deposit Terms 1 Year or Less – 3 Months' Interest on the Amount Withdrawn

Certificate of Deposit Terms Greater than 1 Year – 6 Months' Interest on the Amount Withdrawn